Merrill, UBS Have $8 Bln In CDOs Downgraded Apiece

UBS and Merrill Lynch each had $8 billion of collateralized debt obligations downgraded by Standard & Poor’s Friday, more than any other underwriters in yet another round of ratings actions.

  • 14 Jan 2008

--Aaron Johnson

UBS and Merrill Lynch each had $8 billion of collateralized debt obligations downgraded by Standard & Poor’s Friday, more than any other underwriters in yet another round of ratings actions. In total, 149 CDO tranches totaling $8.7 billion had their ratings cut by S&P, affecting 31 deals ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 2,007 6 16.61
2 Goldman Sachs 1,798 4 14.88
3 BNP Paribas 1,434 4 11.87
4 Barclays 1,097 2 9.08
5 Morgan Stanley 1,094 2 9.06

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 20,913.87 69 10.85%
2 JPMorgan 19,191.71 52 9.96%
3 Bank of America Merrill Lynch 18,245.19 58 9.47%
4 Wells Fargo Securities 16,837.21 50 8.74%
5 Barclays 13,965.64 46 7.25%